Monday , December 5 2022
Breaking News
Home / News / PENGASSAN, NUPENG Reject Unbundling Of NNPC

PENGASSAN, NUPENG Reject Unbundling Of NNPC

nnpc towersTwo major unions in the oil and gas sector on Friday rejected plans to unbundle the Nigerian National Petroleum Corporation (NNPC) into 30 companies.

The unions are the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN).

The Minister of State for Petroleum, Dr Ibe kachikwu, had on Wednesday said that NNPC would be unbundled into 30 competitive revenue-generating subsidiaries in the coming week.

According to Kachikwu, the plan which would be concluded within the next seven days, would reposition the corporation to accrue profits and stability in the sector.

The PENGASSAN’s Spokesman, Mr Emmanuel Ojugbana, while reacting to the development, told the News Agency of Nigeria (NAN) in Lagos that the union was not in support of the split.

According to him, if such a decision or plan should be taken, the two unions in the sector were supposed to be carried along.

Ojugbana said that the Act establishing the NNPC must be repealed before the company could be unbundled.

He said that the union was not carried along in the decision to unbundle the company into 30 sub-sectors, adding that PENGASSAN was holding a meeting to take action on the issue.

Similarly, , the NUPENG’s President, Mr Igwe Achese, said that the government needed a law to repeal the existing Act which established the NNPC to institute the changes.

Achese said that the union would not accept the decision without knowing how the manpower that would operate in the 30 companies would be managed.

“We will resist the move to unbundle the company because we see it as an attempt to cause industrial crisis.

“Our fear is that the NNPC can start disengaging workers as a result of this plan,’’ the union leader said.

He, therefore, called for a stakeholders’ meeting that would involve NUPENG and PENGASSAN

Comments

comments

Check Also

INEC Announces Dates For Collection of PVCs

The Independently National Electoral Commission (INEC)  has fixed dates for prospective voters to collect their …

Irate youths set Osun monarch’s palace ablaze

The Palace of Aree of Iree in Boripe North Local Council Development Area of Osun …

Social Media Auto Publish Powered By : XYZScripts.com